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    References: Software Solutions Company

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    This document provides references for research on the software industry in the United Kingdom and Nigeria. It includes market analyses of the UK software market between 2016-2020, forecasting growth to 2025. The UK software market was valued at $23.6 billion in 2020 and is expected to grow at a 5.4% CAGR to $30.7 billion by 2025. In 2020, the market declined by 3.8% due to the COVID-19 pandemic. The number of software development firms in Nigeria has increased substantially since 2012, indicating opportunities for expansion by software solutions companies like Imaginera.

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    References: Software Solutions Company

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    dopamineteardrops dopamineteardrops
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    This document provides references for research on the software industry in the United Kingdom and Nigeria. It includes market analyses of the UK software market between 2016-2020, forecasting growth to 2025. The UK software market was valued at $23.6 billion in 2020 and is expected to grow at a 5.4% CAGR to $30.7 billion by 2025. In 2020, the market declined by 3.8% due to the COVID-19 pandemic. The number of software development firms in Nigeria has increased substantially since 2012, indicating opportunities for expansion by software solutions companies like Imaginera.

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    This document provides references for research on the software industry in the United Kingdom and Nigeria. It includes market analyses of the UK software market between 2016-2020, forecasting growth to 2025. The UK software market was valued at $23.6 billion in 2020 and is expected to grow at a 5.4% CAGR to $30.7 billion by 2025. In 2020, the market declined by 3.8% due to the COVID-19 pandemic. The number of software development firms in Nigeria has increased substantially since 2012, indicating opportunities for expansion by software solutions companies like Imaginera.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views2 pages

    References: Software Solutions Company

    Uploaded by

    dopamineteardrops dopamineteardrops
    This document provides references for research on the software industry in the United Kingdom and Nigeria. It includes market analyses of the UK software market between 2016-2020, forecasting growth to 2025. The UK software market was valued at $23.6 billion in 2020 and is expected to grow at a 5.4% CAGR to $30.7 billion by 2025. In 2020, the market declined by 3.8% due to the COVID-19 pandemic. The number of software development firms in Nigeria has increased substantially since 2012, indicating opportunities for expansion by software solutions companies like Imaginera.

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    References

    Anonymous, 2021, Feb 21. Software Industry Tobore, T. I, 2016. Market Entry into Nigeria.
    Profile: United Kingdom. Datamonitor Plc. Case study: uros ltd.
    Binuyo, G.O. (2012): Evaluation of Computer Usman, Z., Choi, J., & Dutz, M. (2019). The
    Software Development in Nigeria. PhD. Thesis Future of Work in Africa. World Bank Group
    (Unpublished)
    Vijaya et al., 2019. The New Economy Of Africa:
    Bright, J. (2016). A brief overview of Africa’s opportunity for Nigeria’s emerging technology
    tech industry – and 7 predictions for its future. sector. Accessed May 5, 2021 from
    Retrieved from World Economic Forum: https://www.jidaw.com
    https://www.weforum.org/agenda/2016/05/a-
    brief-history-of-africas-tech-industry-and-7-
    predictions-for-its-future/
    Frynas, J.G., Mellahi, Kamel, 2014. Global
    strategic management. Third edition / Jędrzej
    George Frynas, Kamel Mallahi. Oxford: Oxford software solutions company
    University Press.
    Internet World Stats. (2019). Africa Internet
    Usage. Retrieved from Internet World Stats:
    https://www.internetworldstats.com/stats1.ht Oxford, United Kingdom
    m
    Jeffs, C. 2008. External Analysis: Analysis of the
    Macro (FAR) Environment. In: 2008. Strategic
    Management, Sage Course Companions:
    Knowledge and Skills for Success, London: 07594198673
    SAGE Publications Ltd. pp. 27-34 Available at:
    <http://www.doi.org.ntu.idm.oclc.org/10.4135/
    9781446216446.n7> [Accessed 11 May 2021].
    Johnson, G. et al., 2017. Exploring strategy hello@imaginera.co.uk
    Eleventh Edition. Harlow: Pearson.
    Lynch, R 2018, Strategic Management, Pearson
    Education, Limited, Harlow, United Kingdom.
    Available from: ProQuest Ebook Central. [8
    May 2021]. imaginera.co.uk
    OC&C Consulting. (2018). Tech
    entrepreneurship ecosystem in Nigeria. OCC
    Consulting.

    Follow us on social media


    at @imaginera
    Market Analysis United Kingdom’s UK% share software market
    category segmentation, 2020
    software market value
    and Structure forecast, 2020-2025
    The software market comprises of United Kingdom’s software
    income received from sales and value, 2016-2020
    subscription to various software
    packages and solutions. The market
    consists of the different sectors; IT
    management, data and analytics, security
    and others (cloud computing, networking
    and storage).
    Source: Marketline, 2021
    Overall, the UK software industry has
    witnessed a moderate growth except in
    2020 when it declined by 3.8% due to the
    COVID 19 global pandemic. The growth in
    this industry has been primarily driven by
    an increase in cloud computing usage
    among companies and individuals, this
    has allowed operators to switch from
    providing software solutions to capture a
    software as a service (SaaS) business
    model, which creates a flow on income
    for suppliers when customers pay for Source: Marketline, 2021
    these software.
    In 2020, the UK software market had a
    total revenue of 23.6 billion dollars
    representing the period between 2016-
    2018, a compound annual growth rate of
    1.2%. Another aspect that played a role in
    the growth of the software market was
    the launch of the general data protection
    regulation (GDPR) in the European Union
    in 2018, at the time when the UK was still
    in the EU.
    The regulation led to an increasing
    demand for GDPR management software
    and the cost of observing to the
    requirement has estimated about 16 Source: Marketline, 2021
    million dollars for an average fortune 500
    company.
    The market’s performance is expected to Source: Marketline, 2021 The table above shows that the number of
    grow with an expected CAGR of 5.4% for firms involved in software development in
    the period between 2020-2025, which is Nigeria were 7, this has substantially
    anticipated to move the market’s value to increased as at now, but this is evident to
    30. 7 billion dollars by 2025 year ending. Imaginera that expanding its software
    solutions enterprise is a lucrative move as
    the market is not saturated.

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